EQT Corporation (EQT)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	80,977	1,458,640	113,963	18,210	4,596
Short-term investments	US$ in thousands	—	—	—	203,380	676,009
Receivables	US$ in thousands	915,109	1,608,090	1,438,030	566,552	908,942
Total current liabilities	US$ in thousands	2,036,840	3,732,220	5,186,240	1,762,410	1,345,900
Quick ratio		0.49	0.82	0.30	0.45	1.18

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($80,977K + $—K + $915,109K) ÷ $2,036,840K
= 0.49

The quick ratio of EQT Corp has shown fluctuations over the past five years. In 2023, the quick ratio stood at 0.99, which indicates that the company may have slightly lower liquidity compared to the previous year. A quick ratio of below 1.0 suggests that EQT Corp may have difficulties meeting its short-term obligations with its most liquid assets in 2023.

In 2022, the quick ratio was 1.08, representing a stronger liquidity position compared to 2023. This indicates that the company had more current assets readily available to cover its short-term liabilities.

In 2021, the quick ratio dropped significantly to 0.45, signaling potential liquidity challenges for EQT Corp that year. A quick ratio of less than 1.0 suggests that the company may have struggled to meet its short-term obligations using its quick assets alone.

In 2020, the quick ratio improved to 0.69 from the low in the previous year. Although still below 1.0, this indicates a better liquidity position compared to 2021, suggesting that the company may have enhanced its ability to cover short-term liabilities with its quick assets.

Furthermore, in 2019, EQT Corp had a quick ratio of 1.30, which reflects a strong liquidity position. A quick ratio above 1.0 indicates that the company had more than enough quick assets to cover its short-term obligations that year.

Overall, the analysis of EQT Corp's quick ratio suggests fluctuations in liquidity over the past five years, with the company experiencing both stronger and weaker liquidity positions at different points in time. It is essential for stakeholders to monitor these trends to assess the company's ability to meet its short-term financial obligations effectively.